Yuan strength­ens slightly to 6.6420

The cen­tral par­ity rate of the Chi­nese cur­rency ren­minbi, or the yuan, strength­ened 166 ba­sis points to 6.6420 against the US dol­lar on Wed­nes­day, ac­cord­ing to the China For­eign Ex­change Trad­ing Sys­tem. In China’s spot for­eign ex­change mar­ket, the yuan is al­lowed to rise or fall by 2 per­cent from the cen­tral par­ity rate each trad­ing day.